Thank you, Mr. Speaker. Mr. Speaker, the Member is correct that at this point we have booked a loss for the Sirius operations of $3 million, and we entered into a process and had a court-appointed receiver put in place and followed through a process of trying to have the Sirius operation go as what we would call a going concern, meaning that it is a fully operational business, feeling that would be the best value we receive for that. We did enter in that process. The "receiver" entered into the process. It went out for bids to receive those. We looked at those proposals. We, as a government, made a decision to go with what we felt at the time was the best package that we received. We went about doing our work and felt that we were satisfied with our work. We are prepared to offer the Leviev Group a northern manufacturer status, conditional on them getting a supply of rough agreement with the mining operation. The reason that we are not pursuing this avenue any more is that they were not able to come to an agreement. I don't have any details of how far it went. Just knowing that our concern as a government was to make sure we tried to get a sale in as timely a manner as possible, it is unfortunate that we are not able to do that and had to go to the next option in working with our receiver once again on what options are available to us. Thank you.
Floyd Roland on Question 349-15(3): Agreements For Supply Of Rough Diamonds
In the Legislative Assembly on February 9th, 2005. See this statement in context.
Return To Question 349-15(3): Agreements For Supply Of Rough Diamonds
Question 349-15(3): Agreements For Supply Of Rough Diamonds
Item 6: Oral Questions
February 8th, 2005
Page 1111
See context to find out what was said next.